About Oritain
Oritain is a company based in Dunedin (New Zealand) founded in 2008. It operates as a Data-as-a-Service, and Professional Services. Oritain has raised $115.33 million across 3 funding rounds from investors including Chanel, Agronomics and Highland Europe. Oritain offers products and services including Origin Verification, Cotton Traceability, Coffee Traceability, and Red Meat Verification. Oritain operates in a competitive market with competitors including TrusTrace, Retraced, Kezzler, Haelixa and Renoon, among others.
- Headquarter Dunedin, New Zealand
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Sectors
HealthcareRetail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Oritain
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$115.33 M (USD)
in 3 rounds
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Latest Funding Round
$57 M (USD), Series C
Jul 11, 2023
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Investors
Chanel
& 3 more
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Employee Count
Employee Count
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Products & Services of Oritain
Oritain offers a comprehensive portfolio of products and services, including Origin Verification, Cotton Traceability, Coffee Traceability, and Red Meat Verification. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Origin of products is verified using forensic science.
Cotton origin is traced from field to store.
Coffee supply chain transparency is ensured through science.
Red meat origin is verified using scientific methods.
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Funding Insights of Oritain
Oritain has successfully raised a total of $115.33M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $57 million completed in July 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series C — $57.0M
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First Round
First Round
(11 Dec 2019)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2023 | Amount | Series C - Oritain | Valuation | Highland Europe | |
| Oct, 2022 | Amount | Series A - Oritain | Valuation |
investors |
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| Dec, 2019 | Amount | Seed - Oritain | Valuation | Agronomics |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Oritain
Oritain has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Chanel, Agronomics and Highland Europe. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Growth-stage consumer and enterprise technology companies are funded.
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Investments are directed toward cellular agriculture and biomanufacturing firms.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Oritain
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Oritain
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Oritain Comparisons
Competitors of Oritain
Oritain operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as TrusTrace, Retraced, Kezzler, Haelixa and Renoon, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Blockchain-based traceability and sustainability solutions for the fashion industry
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| domain | founded_year | HQ Location |
Product traceability solutions are offered to fashion and textile companies.
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| domain | founded_year | HQ Location |
Mass serialization solutions for a wide range of industries
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| domain | founded_year | HQ Location |
DNA-based tracers are developed for energy sector monitoring.
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| domain | founded_year | HQ Location |
Sustainable multi-category fashion products are aggregated online by Renoon.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Oritain
Frequently Asked Questions about Oritain
When was Oritain founded?
Oritain was founded in 2008 and raised its 1st funding round 11 years after it was founded.
Where is Oritain located?
Oritain is headquartered in Dunedin, New Zealand. It is registered at Dunedin, Otago, New Zealand.
Who is the current CEO of Oritain?
Mike Raiole is the current CEO of Oritain.
Is Oritain a funded company?
Oritain is a funded company, having raised a total of $115.33M across 3 funding rounds to date. The company's 1st funding round was a Seed of $327.44K, raised on Dec 11, 2019.
What does Oritain do?
Oritain is established as a global leader in verifying the origin of products and raw materials through forensic science and data analysis. Services are provided across various industries including cotton, coffee, red meat, dairy, horticulture, and pharmaceuticals. Solutions are designed to enhance supply chain transparency, support regulatory compliance, and meet ESG commitments. By testing the products themselves, authenticity is ensured, fraud is identified, and brand reputations are protected. Partnerships with leading organizations worldwide are maintained to build trust and deliver consistent consumer confidence.
Who are the top competitors of Oritain?
What products or services does Oritain offer?
Oritain offers Origin Verification, Cotton Traceability, Coffee Traceability, and Red Meat Verification.
Who are Oritain's investors?
Oritain has 4 investors. Key investors include Chanel, Agronomics, Highland Europe, and Long Ridge.